Oklahoma shale seen as mirroring developments in Texas and North Dakota, analysis finds. Photo by photostock77/Shutterstock Analysis from Wood Mackenzie finds the South Central Oklahoma Province, or SCOOP, to be economical with a price of West Texas Intermediate crude oil, the U.S. benchmark, as low as $41 per barrel, more than 15 percent below the current price. “The region will see drawbacks, rig counts are down in the near-term but production won’t fall off by much and we expect it to bounce back quickly in 2016,” Brandon Mikael, a Wood Mackenzie analyst for the Lower 48, said in a Tuesday statement. Last year, Continental Resources, which is one of the largest operators in the Bakken oil reserve area in North Dakota, said its acreage in the SCOOP basin was a “significant” part of its growth strategy. According to oil services company Baker Hughes, shale basins in Oklahoma were among […]